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ESP — funding rate on Bybit
Bybit · ESPUSDT-0.039%per 4h · -0.010%/hlongs receive
last settlement+0.005%→upcoming payout-0.039%▲ heating up
1:48:17settlement
0calmheat
Price (mark)
0.09347
-1.7% 24h
Vol 24h
$589K
Open interest
$920K
Price move in 2 min
—
avg 7d
+0.005%/h
avg 30d
+0.001%/h
Price and skew
Event life curvePRO · open for now
Across 14 closed events of this pair: a typical one lives 2h 35m, the peak usually lands at minute 5–10
median across 14 eventsmedian peak minute
at later minutes only long-livers remain in the sample — the curve is conditional, not «acceleration»
How they ended: funding covered the adverse price move in 8 of 14 cases
median accrued 0.35%; in at least half the events price moved in the receiver's favour
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.98 · $0.24/hour
- Net snipe per settlement
- $-3.02 = 0.039% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.24×needs 0.160%+ per settlement
- Liquidation price
- 0.075243 (−19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Settlement window · facts (10)
before cut-off · 5m · the snipe window (10)
avg+0.12% | -1.90%
max-4.60%
after · 5m
avg+0.53% | -2.23%
max-4.28%
before cut-off · 15m
avg+1.09% | -3.18%
max-14.88%
after · 15m
avg+0.53% | -2.17%
max-3.84%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 19.09 08:00 | -0.335% | -0.96% | -0.66% |
| 10.08 12:00 | -0.199% | +0.04% | +0.96% |
| 30.07 12:00 | -0.681% | -0.17% | -3.59% |
| 30.07 08:00 | -0.395% | -14.88% | -0.29% |
| 30.07 04:00 | -0.450% | +2.13% | +0.12% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 10 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 544 settlements
ESP on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | -0.039% / 4h | -0.010%/h | longs | -0.121% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Bybit← you are here-0.010%/h
longsrate -0.039% / 4hsnipe -0.121%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.011%/h
ESP across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bybitevery 4hBinanceevery 4hBitgetevery 4hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0000%/h
widest spread
0.0655%/h
21.09 13:00 UTC · Bybit ↔ Binance
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter long before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a long here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.